{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-110104","form_type":"8-K","ticker":"MCB","cik":"0001476034","company_name":"Metropolitan Bank Holding Corp.","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.182646+00:00","generated_at":"2026-06-09T20:26:29.039004+00:00","sec_items":["8.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MCB settles with Fed and NYDFS over prepaid debit card; $29.5M penalties fully reserved","bullets":["FRB consent order imposes $14.48M civil money penalty; requires board oversight, customer ID, due diligence, and third-party risk plans.","NYSDFS consent order imposes $15M penalty; requires information and status reports on third-party program manager supervision.","Investigations stem from unauthorized COVID benefits payments on prepaid card program; relationship ended August 2020.","Company is fully reserved for penalties through regulatory settlement reserve disclosed in prior periods.","Additional enforcement actions could have a materially adverse effect; Bank continues to enhance processes since 2020."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-110104","json":"https://secwatch.observer/filing/0001104659-23-110104.json","markdown":"https://secwatch.observer/filing/0001104659-23-110104.md","text":"https://secwatch.observer/filing/0001104659-23-110104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476034/000110465923110104/0001104659-23-110104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476034/000110465923110104/tm2328785d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T20:26:29.039004+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}